Deals of the day- Mergers and acquisitions

Wed, 19 Feb - 9:28pm

Feb 19 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1100 GMT on Wednesday:

** Canadian Natural Resources Ltd CNQ.TO CNQ.N , the country's largest independent oil producer, said it would buy some of Devon Energy Corp's DVN.N liquids-rich natural gas assets in Canada for $3.13 billion. News Search ID:nL3N0LO2TK

** Royal Dutch Shell Plc RDSa.L has sold its downstream Australian assets to Dutch-owned oil trader Vitol SA Href="NewsSearch">VITOLV.UL and the Abu Dhabi Investment Council for about A$2.4 billion ($2.2 billion), The Australian Financial Review reported.

News Search ID:nS9N0K802Q

** China's Dongfeng Motor Group Co 0489.HK said it would invest 800 million euros ($1.1 billion) in French carmaker Peugeot SA PEUP.PA via a share sale and rights issue while France's government does the same, confirming a Reuters report.

News Search ID:nL3N0LO04E

** State-backed Royal Bank of Scotland Group RBS.L said it had sold some structured retail investor products and equity derivatives businesses to France's BNP Paribas BNPP.PA . RBS said the consideration was not material but the deal would transfer the management of up to 15 billion pounds ($25 billion) of liabilities. News Search ID:nWLB00792

** Finnish stainless steelmaker Outokumpu Oyj OUT1V.HE has raised its stake in the planned Fennovoima nuclear reactor to 12.5 percent from an original goal of 10 percent. Outokumpu said its investment in Fennovoima, to be paid over the next decade, would be around 210 million euros, compared with its earlier estimate of around 150 to 200 million euros. News Search ID:nL6N0LO0Y3

** Standard Chartered Plc STAN.L is seeking buyers for a Hong Kong consumer finance business worth $500 million to $700 million, according to people familiar with the matter, as the Asia-focused lender sells off peripheral businesses.

News Search ID:nL3N0LO0R4

** Seek Ltd SEK.AX , which runs Australia's biggest online job ads site by number of clicks, said it would buy the online employment businesses of Malaysian associate Jobstreet Corp Bhd

JOBT.KL for 1.73 billion ringgit ($523.69 million).

News Search ID:nL3N0LO0AQ

** Offshore services firm EOC Ltd EOCL.OL has sold a pipe laying and heavy lift construction vessel to a unit of ICBC Financial Leasing for $200 million and will lease back the ship for 10 years, the Oslo listed company said. News Search ID:nL6N0LO0B2

** Suez Environnement SEVI.PA has bought GDF Suez's

GSZ.PA 3.95 percent stake in Rome-based utility Acea SpA

ACE.MI , taking its own shareholding to 12.5 percent as it seeks to grow its European water business in Italy.

News Search ID:nWEB00IP7

** China's Tencent Holdings Ltd 0700.HK has bought 20 percent of Dianping, the country's largest restaurant review and business listing site, as the social media leader lands a blow in Chinese Internet firms' battle to link online content with offline services. News Search ID:nL3N0LO1TO

** Onexim, the holding company of Russian tycoon-turned-politician Mikhail Prokhorov, may sell its stake in energy firm Quadra TGKD.MM to electricity company InterRAO

IRAO.MM and France's EDF EDF.PA , the Vedomosti newspaper said. News Search ID:nL6N0LO1MZ

** MOL Global Pte Ltd, a Malaysian online payment firm controlled by billionaire Vincent Tan, said the sultan of the southern state of Johor will buy a 15 percent stake in its operating unit, MOL AccessPortal Sdn Bhd, for $120 million.

($1 = 0.5989 British pounds)

($1 = 0.7272 euros)

($1 = 3.3035 Malaysian ringgit)

($1 = 1.1071 Australian Dollars)

(Compiled by Shivani Mody in Bangalore)

((shivanibipin.mody@thomsonreuters.com)(within U.S. +1 646 223 8780, outside U.S +91 80 6749 3428)(Reuters Messaging:)(Reuters Messaging: shivanibipin.mody.thomsonreuters.com@reuters.net))

Keywords: DEALS DAY/

URN: 
urn:newsml:reuters.com:20140219:nL3N0LO2WH:2
Topics: 
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